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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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BFCSA: Are we dinosaurs who just long for the past? YES! But we are prepared to fight for our and the disenfranchised ones futures.

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Dear members

To those who think the word disenfranchise in the blog title is mainly to do with ones right to vote, your right but it also means to deny someone or a group of people legal right and in our case thats exactly whats happened. At first as individuals trying to get resolution from our politicians and regulators and now as a support group of over eleven hundred members and growing and we simply want the laws of this country upheld and acted upon and not watered down to lesser charges by mediocre pencil pushers like Medcraft and Kell.

Being an ARIP (asset rich income poor) is a badge I now wear with pride and distinction. At first I thought it was stupidity and greed that was our undoing but soon realised it was that basic fundamental that most humans pocess, trust. We trusted a former work colleague who steered a broker our way , who paid commissions to her and her husband. We trusted the broker who was a former low level bankster, he had the big shiny prospectus and besides that ASIC has to rubber stamp everything for approval and so we trusted ASIC.

The broker once he got us committed handed us over to his young female assistant who we were fond of and then the staff back at the office were so helpful and caring and of course we trusted them all.  The broker was the go between but there was never any direct contact with the lender and of course no phone call to confirm income, employment and assets, simple how a twenty cent phone call could of everted all this turmoil and pain and of course we trusted the lender.

We trusted the brokers lawyers because if there was anything underhanded going on they would sound the alarm, we trusted the brokers accountant because CPA's are held in high regard. We trusted ASIC when they said they were a bit concerned about the brokers property developement scheme but if we transferred to a share scheme and met ASIC's requirements the broker could still trade. We met all of ASIC's requirements and at last thought everything was OK, six weeks later we get a letter from Ernst and Young stating they were the court appointed liquidator. 

In light speed time ASIC had taken the broker and his wife to an out of state court appearance to Brisbane where they agreed to shut shop on condition of no prosecution. At no time did ASIC inform us of its intention, I brought this up last year when I was contacted by ASIC and was told that they are not obliged to tell the investors involved of pending actions, kangaroo court more likely, no representation due to no knowledge of court proceedings, where is the justice.

All this was 2007 which does not exist according to ASIC, in Senate submissions and reading various ASIC statements as far as any events before the NCCP act of 2010 are not relevant, thats what they are trying to imply and put into practice.  Well Greggy and Kell there are alot of BFCSA members who beg to differ and wont let you get away with that one so your bankster siblings can get off the hook.

Since 2007 we trusted all the politicians of both parties, all the regulators and I even rang the high court, we have lost count of the emails, letters, phone calls and even personal encounters with anyone and everyone who can help our quest. Its marvelous how many bodies there supposedly are for the agrieved consumer to go to when in trouble but when you do contact them they deny it comes under their mandate.

We have lodged fraud reports with the state police but have not been contacted yet, over the years I have also tried to contact mainstream media both papers and T.V., still no response. I know four elderly people who were stung by our broker, one an elderly woman who had just lost her husband and sold their humble investment property so she could cover lost income from her husbands death, she lost the lot and has moved in with another old man who lost everything as well, they were forced to do this to survive. I 've tried to reassure them and told them about BFCSA but they are so bruised and battered and bitter because they were betrayed by someone they trusted. The woman is so honest that when the broker described a lean to sreened room as a large entertainment room, she made him change it, obviously unbeknown to her all the facts would be changed on her LAF.

I was keeping them informed but they just kept saying whats the use and have resigned themselves to the fact nothing can be done. These are just four of the untold countless victims of the banksters crimes, these are the numbers that never get counted. This is why a smug Greg Medcraft says their is no evidence of systemic fraud on LAF documents.

What would happen if the government openly and honestly advertise nationally on mainstream media that if you are a victim of bankster crime to put your name to a registrar.  ASIC and the banksters cosy little set up is safe as long as the peasants are silent.

This is why BFCSA is growing, alot of people have given up, they're exhausted both physically and mentally. They trusted the government and their appointed regulators only to see decisions go the banksters way. Those who made it to court are few and far between and its a lucky dip to see which way a decision goes.

I am not strong by any means and the membership of BFCSA might look like a rag bag tag of old grumpy and bitter old farts who don't know how the modern financial world operates and at first don't seem to be any threat to the status quo, but look there are chinks starting to appear in ASIC's armour, its called BFCSA and we warrant a whole supplement to ASIC 's submission to the Senate.

I've stated we were rock bottom twelve months ago before joining BFCSA  and its given me new vigor to fight on. There are countless thousands of people out there who have given up the fight, they blame themselves and don't know it was a bankster trap aided and abetted by the brokers who in the short term got the monetary gain but in the long term will get the bankster engineered blame.  The stronger members have to carry the weight of the weaker but we are gaining momentum and now we have a venue to meet and be seen at the Senate hearings in Canberra we can give the banksters some free advertising.

Thanks to Renata for posting all the individual bankster horror stories of the last few days. Lets get multiple printouts of these stories. Can you imagine anyone watching the news if they saw BFCSA members at Canberra handing out fraudulant LAF's if they saw their banksters logo on the page.

With the exception of Senator Williams and a few others, our government previous and present have been reluctant to help us. We must shame our politicians into action, we must expose as a farce the appointment of David Murray to the roots and branch investigation into the banksters.

All the LAF's that are CBA should have a full size photo of David Murray attached because he was the top dog at CBA when alot were written. Remember the old saying about ones past coming back to haunt them, that also applies to Greggy. Everything we have achieved is through the courage and tenacity of one woman, Denise Brailey.

If you are a member of BFCSA you have to support her fully. Write your story, or if your not up for a story put up a comment to those who have written and if you can spare even a small donation to the fighting fund to cover Denise's expenses to Canberra where she is representing US, not herself. The lousy government can give lazy ASIC $400 million a year but wont put one cent towards her expenses to get to Canberra.

As each day goes by we are gaining momentum and more and more people are becoming aware of who we are and what we represent and are now getting onboard. Its still early days but that silver lining in the clouds at long last is getting brighter.  Thanks NeilT.

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  • doyla66
    doyla66 Thursday, 30 January 2014

    I recall reading some years ago how in China they were shooting vegetable seeds into space in metal containers and tracking them. When they landed they would retrieve and plant the seeds and voila now growing enormous giant vegies. Guess if they are doing the same with eggs and incubating on return they might be over-run with chickens the size of dinasaurs and have a lot more than us old dinasaurs to have to contend with! Having said that one is only as old as one feels of course and I feel mentally as if I have just completed school and have started a crash university course on corruption of the worst kind imaginable and proving I am still a very fast learner!

  • doyla66
    doyla66 Thursday, 30 January 2014


    we are all exhausted but need to keep riding the wave.............. imagine how exhausted DB is after 15 years of this crap.
    this is our time.
    this is our year.
    keep it up team, keep blogging.
    this blog has some how become my life for now.
    I want to tell you, each & every one of the regular bloggers keep me going
    you inspire me & give me hope
    there is no time to waste....................
    as tired as we are..................CONTINUE THE FIGHT.............FOR OUR CHILDREN AND THEN THEIR CHILDREN.

  • doyla66
    doyla66 Thursday, 30 January 2014

    very true NT
    us strong ones are more than happy to carry those who have fallen, those who can no longer fight.....
    they have not given up, they just need a rest.
    we are here for you all
    we are a group of people who are part of a club that none of us ever really wanted to be part of...
    but we are.....for what ever reason it is.....there is a reason this is happening to us.
    26 years ago my parents lost everything, a business worth millions, 4 homes and 6 cars.... they banked with ANZ
    my mother and father didn't have BFCSA way back then.... I saw the pain my mum & dad went through...
    Today in 2014 I am experiencing the same, why, WTF
    the difference is, I truly believe my beloved mother from the heavens above sent DB to me via GOOGLE
    my parents never did anything, they just let ANZ take the lot, but my dad tells me today ANZ had to have lost millions with the deals that had taken place.......
    the difference between then & now is i will fight this.
    I am fighting for what happened to my parents back then & for whats happening now to my family.
    may there be light at the end of the tunnel......

  • doyla66
    doyla66 Thursday, 30 January 2014

    GFS, there is light at the end of the tunnel but is Denise Brailey who is holding up the lantern , no one else. We have been abandoned and ridiculed by our leaders, we have been dismissed as an absolute minority by ASIC. All those smart arse lawyers who took a pledge to uphold justice have forsaken that pledge and embraced bankster driven greed instead. As long as the banksters have victims to forclose on the lawyers and barristers have a continuous work load. The little lady from W.A. might only have a lantern now but she will turn it into a flame thrower and burn all the arses of those who profit from preying on the less fortunate. How do you like your arse burned Greggy medium rare or me thinks cremated in your case?

  • doyla66
    doyla66 Thursday, 30 January 2014

    Will Greg Medcraft turn up on the big day or will he send his little puppet (Kell) along as usual to answer his questions for him while Greg disappears overseas to abscond his duties as he has done everytime in the past?
    He should be made to attend the Inquiry and to answer every question that is fired at him and no taking questions on notice to be allowed as was done in previous times. Let's see how you go this time Greg...there are many more of us this year armed with total evidence of bank's criminal activity so you may as well give up telling lies to the Senate, they are not going to believe a word you say based on all bfcsa's evidence. You and your little friend have blown it because of all your past lies. The Senators have lost trust in you so you now have nowhere to go but OWN UP TO ALL THE PEOPLE YOU HAVE HURT AND PUT THROUGH PAIN AND AGONY MENTALLY AND PHYSICALLY. I HOPE THEY FIRE THE QUESTIONS AT YOU SO HARD THAT IT LEAVES A PERMANENT DENT BECAUSE THIS IS WHAT YOU HAVE DONE TO COUNTLESS GOOD PEOPLE.
    you have left them with permanent mental and physical scars not to mention the ones who have ended their life caused by you contributing to them losing everything they worked all their life for. You robbed them of their life and all because you chose to protect the corrupt banks instead of the innocent victims who have not committed any crime, ONLY TRUSTED the banksters. We have to suffer like criminals.

  • doyla66
    doyla66 Thursday, 30 January 2014

    "What would happen if the government openly and honestly advertise nationally on mainstream media that if you are a victim of bankster crime to put your name to a registrar. " YES I would like to see that Neil!

  • doyla66
    doyla66 Thursday, 30 January 2014

    Change, ASIC, the banksters and the brokers(MFAA)keep telling the government there is no systemic fraud on Loan Application Forms. If they are so confident then they shouldn't worry about a national register.

  • doyla66
    doyla66 Thursday, 30 January 2014

    It was once observed that there is immeasurably more intelligence and knowledge outside of government than within it. Those in power should dwell on this!

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